Microencapsulation market has been segmented on the basis of core materials, coating materials, technology and application.
Sellbyville, DE -- (SBWIRE) -- 10/26/2018 -- GMI presents a most up-to-date research on "Microencapsulation Market – Global Industry Analysis, Size, Share, Application (Pharmaceutical, Food Additives, Agrochemicals, Household Products), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) and Forecast 2018 – 2024".
Microencapsulation Market Size will surpass USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc. Growth of pharmaceutical sector with a steady increase in global aging population and awareness towards health will fuel the microencapsulation market demand in coming years. This is driven by the rising demand for microencapsulated drugs. Expansion in pharma sector coupled with extensive research & developments in the healthcare field are driving the microencapsulated drugs industry which is projected to witness an upward trend during the forecast period, hence propelling the overall microencapsulation market.
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Microencapsulation enhances drug delivery and is used in a variety of novel drug administration techniques. A primary reason for microencapsulating drug molecules is to ensure controlled drug delivery. This enables sustained and prolonged delivery of a drug in the body.
For an instance, its benefits can be seen in the case of aspirin, as direct consumption of product can cause peptic ulcers and bleeding, the microencapsulated drugs release a calculated amount of the active ingredient in the human body without causing any side effects. Additionally, the process ensures certain organoleptic properties such as masking the pungent flavor and odor of medicines, thereby increasing patient willingness to consume them.
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The microencapsulation industry is segmented on the basis of coating as ethyl cellulose, polyvinyl alcohol, cellulose acetate phthalate, gelatin, and others (maleic anhydride, sodium alginate, etc.). Ethyl cellulose will have a large market share over the forecast period. It is an organo-soluble compound, which acts as an emulsifier in the food industry and has uses in the pharmaceutical industry as a filler, viscosity enhancer, flavoring fixative, etc.
Based on technology, microencapsulation market is segmented into mechanical technology, electrostatic technology, chemical technology, and physiochemical technology. The chemical technology is used in the pharmaceutical industry and cosmetic applications. Interfacial crosslink and polycondensation are some techniques used in chemical technology. Interfacial crosslinking technique is used to avoid reactions, which occur through toxic diamines
The microencapsulation industry is segmented based on application as food additives, pharmaceuticals, household products, agrochemicals, and others including pleasant odor, phase change substance, etc. Pharmaceuticals segment accounts for over two-third of the industry share and will have an upward trend in upcoming years due to the increased use in drug delivery systems.
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In 2016, North America occupied over one-third of the overall microencapsulation market and will gain at a healthy rate in the upcoming years. The increased growth rate in the food industry and pharmaceutical manufacturing promote the use of microencapsulated products in the region.
The key players in microencapsulation industry include Dodge Company Dow corporation, BASF, 3M company, Bayer, Evonik, Syngenta., Encapsys, etc.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.